Market At Midday: Month End Optimism
Local stocks have started the new trading week with solid gains, every sector measured by the ASX is trading higher at lunchtime.
Read MoreLocal stocks have started the new trading week with solid gains, every sector measured by the ASX is trading higher at lunchtime.
Read MoreThe Australian sharemarket rose by 0.5% today; however failed to maintain the 0.8% gains recorded earlier in day. Lending and new home sales rose while inflation remains contained.
Read MoreThe ASX 200 started the day just in negative territory, although it drifted higher over the afternoon on Friday to finish within sights of the best levels of the day. The ASX 200 has gained just over 0.5% in the last 5 days.
Read MoreThe index traded down by 7 points at the low of the day and was ahead by the same amount at its best. There has been little on offer to motivate buyers or sellers alike in terms of corporate news.
Read MoreCommSec’s Juliette Saly delivers a Mid-Session update. The market is giving back Wednesday’s gains.
Read MoreSellers returned to the ASX on Thursday with miners getting the most attention. A turnaround for banks helped the market recover from session lows.
Read MoreThe ASX 200 consolidated on its early gain gains to finish with in sight of session highs on Wednesday. Banks and Miners led the way. The government announced the sale of Medibank with an IPO expected in the 2014/15 financial year.
Read MoreBuyers have returned to the local sharemarket on Wednesday with every ASX sector trading higher at lunchtime led by the miners.
Read MoreThe ASX 200 spent the afternoon recovering from the lows of the session which were seen in early trade. Miners were a part of the improved tone in the afternoon with BHP and RIO leading gains for the sector.
Read MoreAussie market under pressure: banks and retail lower. gold stocks hit by slump in gold overnight. Premier investments stronger.
Read MoreBanks and retail stocks under pressure while the miners lift. Kathmandu (KMD) higher on strong sales.
Read MoreThe ASX 200 showed resolve to end higher despite weaker data out of China. Financial stocks were encouraged by a profit upgrade from Macquarie Bank.
Read MoreLocal stocks have consolidated in early trade on Friday following the losses inspired by the US Fed on Thursday.
Read MoreThe ASX 200 continued its recovery on Friday afternoon to finish at the best levels of the session helped by gains for the bulk miners. Over the course of the week the ASX 200 has gained 0.16%.
Read MoreCommSec’s Juliette Saly provides a mid-session update. Stocks are lower following weakness on Wall Street, while Myer has updated the market.
Read MoreThe possibility of US interest rates rising sooner than expected pushed local stocks lower on Thursday with sellers concentrating on the resource sector which was the worst performing sector on the day.
Read MoreThe Australian sharemarket rose for the second day, with almost all sectors finishing higher. David Jones fell despite a strong earnings result while Stockland made a significant purchase.
Read MoreThe ASX 200 ignored overnight gains on Wall St with sellers getting the edge in early trade, although at lunchtime the market had recovered to be flat.
Read MoreCommSec’s Juliette Saly provides a Mid-session financial market update. Local stocks are rising sharply in early trade following a positive offshore lead.
Read MoreBuyers returned to the Australian sharemarket on Tuesday after recent selling. DJS shares rose after the retailer indicated it was open to the idea of a merger with MYR. Gold stocks fell after the yellow metal retreated from 6 month highs.
Read MoreSellers keep the edge, after weak closes in the US and Europe on Friday night Australian markets still under pressure. No confirmation of the winners of the Crimea vote and pressure on the banks.
Read MoreThe Australian share-market fell for the fifth time in six trading sessions, with concerns relating to Ukraine and Russia keeping investors on edge. Petrol prices fell while car sales edged modestly higher.
Read MoreLocal shares are slipping due to worse than expected Chinese economic news out at 4.45pm (AEDT) on Thursday. The miners are slumping, the banks are in the red, while the gold producers are amongst the lone improvers.
Read MoreSellers gained in confidence on Friday in the wake of weaker than expected economic news from China. The ASX 200 shed 1.5% on Friday, taking losses for the week to 2.4%
Read MoreThe Australian share market is moving higher following a poor start to the week. The iron ore price has rebounded, giving some much needed support to our miners.
Read MoreThe Australian sharemarket improved for the first time this week, with the All Ordinaries Index up by 0.5%. The miners continued to make up for the 4% slide on Monday. Three times as many jobs were created in February as expected by the market.
Read MoreThe Australian sharemarket is slumping by 1%, with the miners mixed but mostly weaker. The major banks are hurting the broader market most (15pts from All Ords). Consumer confidence has fallen according to the results of a survey today.
Read MoreSellers drove the market lower in early trade, although miners attracted some buying in the early afternoon which saw the ASX200 close off the worst levels of the day.
Read MoreThe Australian share market is flat today although Coca-Cola and Woolworths are in focus after SPC Ardmona and WOW signed a 5 year, $70M deal.
Read MoreDespite a rise earlier in the session from the miners, resource stocks slipped late in trade. The major banks added 10 points to the All Ordinaries Index while economic news was mixed.
Read MoreSellers have pressed their claims in early trade on Monday focusing attention on the mining sector. Commodity prices have eased thanks to a rising US dollar, whilst weaker Chinese trade data at the weekend have a cast a pall over the price of iron ore.
Read MoreThe Australian sharemarket had its worst day in over a month, with the All Ordinaries Index slumping by around 0.8%. The miners were the biggest drag, due to disappointing Chinese economic news and a falling iron ore price.
Read MoreThe Australian dollar is trading at a three month high of US91c while the share market is also higher in early trade.
Read MoreThe Australian sharemarket rose for the 4th straight day (All Ords) today. Shares this week up 1.1%; with energy and consumer discretionary companies the standouts.
Read MoreThe Reserve Bank Board has left the official cash rate at 2.50 per cent for the seventh straight month. The Reserve Bank Board continues to emphasise that it sees a period of interest rate stability ahead.
Read MoreThe world’s largest job outsourcing and freelancing provider, Freelancer Limited posted a $753,000 full year net profit. This was 57% higher than FLN’s forecasts provided in its prospectus last year.
Read MoreGlobal property developer Lend Lease Group (LLC) has posted a 16.4% slide in half year net profit to $251.6m. The result was impacted by a fall in revenue from its development unit and a 26% slump in operating profit locally.
Read MoreAGL Energy Limited (AGK) today reported a 1H14 net profit after tax of $261 millionThe result was below market expectations but AGL did confirm that its cash flow was strong and structural improvements are set to help drive new growth.
Read MoreSydney Airport has announced a 7.3% increase in earnings before interest, tax, depreciation and amortisation to $910 million from $848 million previously. The result was ahead of the market’s expectations which centred on EBITDA of $895 million.
Read MoreGlobal travel agent Flight Centre Travel Group Limited (FLT) has lifted its first half profit by almost 21% to a record $110.8 million due to network expansion, enhanced in-store productivity and improved sales in both corporate and leisure markets.
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